FINANCIAL NEWS AND ANALYSIS CFOs can be on the hook for investigations — even after they leave. CFOs can expect more cooperation clauses in employment and severance agreements as companies angle for greater control over their response to legal inquiries. Compliance. Tom Pennington via Getty Images. Deep

Dive.

CFOS ARE READY FOR DIGITAL TRANSFORMATION IN 2021, NEW CFOs Are Ready for Digital Transformation in 2021, New Survey Shows. Optimism fuels technology advancements as the pandemic continues to change the way we work. SAN JOSE, Calif., Feb. 9, 2021 - Findings from a new survey show that 2021 may be a year of change for corporate finance. From redefining the CFO role to the use of cutting-edge AI

and

5 CFO TRENDS TO WATCH IN 2021 TRUMP CFO WEISSELBERG ON SHAKY GROUND BY CLAIMING Trump CFO Weisselberg on shaky ground by claiming ignorance. Although CFOs aren’t expected to make legal decisions, they can't take a “don’t ask, don’t tell” approach, because the financial and legal sides of complex issues are intertwined, legal pros say. Published May 6, 2021. By Ted Knutson. Drew Angerer via Getty Images. 2021 OUTLOOK: WHY, AND HOW, THE CFO SHOULD LEAD ESG 2021 Outlook: Why, and how, the CFO should lead ESG efforts. This year, CFOs should prepare their companies for increased scrutiny on environmental, social and governance performance, if they haven't already. Editor’s note: This story is part of a GLOBAL SURVEY REVEALS CFOS PRIORITIZING DIGITAL Global Survey Reveals CFOs Prioritizing Digital Transformation Investments. CFOs refuse to waste precious dollars on IT investments that don’t “move the needle”; Want to cut spending on non-essential IT investments, including major ERP reimplementation and migration projects that lack clear value and strong ROI; Want to see their CIOs optimize existing technology investments BIDEN TAX, OVERSIGHT PLANS COULD ADD TO M&A COSTS Just as significant, at least for founders and owner-operators looking for an exit, is a proposal to treat long-term capital gains as regular income, which would tax gains from the sale of a business at 37% instead of 20%. After 2025, the 37% would rise to 39.6%, the same as before 2017. "Certainly the owner-operators, in an M&A transaction 3 MUST-HAVE CFO SKILLS: OPERATING FINANCE, STRATEGY AND Lanny Baker, CFO of EventBrite, is a case in point. He started out in the late 1980s researching technology companies for Donaldson, Lufkin & Jenrette, then for Morgan Stanley, and then for Salomon Brothers before jumping to the corporate SPAC WARRANTS AS LIABILITY CALLED AN EXPENSIVE CHANGE SPAC warrants as liability called an expensive change. Companies will have to recalculate valuations for every quarter leading up to and after the combination agreement using a complex analytical method, a specialist says. The federal government’s sudden change in how to account for warrants issued by special purpose acquisition companies DEMOCRATS, REPUBLICANS FINALIZING DRAFT LIBOR BILL Dive Brief: A House subcommittee is finalizing draft legislation to ease the transition of financial contracts from the London Interbank Offered Rate (LIBOR) to an alternative interest rate, with leaders from both parties underscoring a need for bipartisan cooperation to limit systemic risk. “This is a test to see whether Congress can

pass

FINANCIAL NEWS AND ANALYSIS CFOs can be on the hook for investigations — even after they leave. CFOs can expect more cooperation clauses in employment and severance agreements as companies angle for greater control over their response to legal inquiries. Compliance. Tom Pennington via Getty Images. Deep

Dive.

CFOS ARE READY FOR DIGITAL TRANSFORMATION IN 2021, NEW CFOs Are Ready for Digital Transformation in 2021, New Survey Shows. Optimism fuels technology advancements as the pandemic continues to change the way we work. SAN JOSE, Calif., Feb. 9, 2021 - Findings from a new survey show that 2021 may be a year of change for corporate finance. From redefining the CFO role to the use of cutting-edge AI

and

5 CFO TRENDS TO WATCH IN 2021 TRUMP CFO WEISSELBERG ON SHAKY GROUND BY CLAIMING Trump CFO Weisselberg on shaky ground by claiming ignorance. Although CFOs aren’t expected to make legal decisions, they can't take a “don’t ask, don’t tell” approach, because the financial and legal sides of complex issues are intertwined, legal pros say. Published May 6, 2021. By Ted Knutson. Drew Angerer via Getty Images. 2021 OUTLOOK: WHY, AND HOW, THE CFO SHOULD LEAD ESG 2021 Outlook: Why, and how, the CFO should lead ESG efforts. This year, CFOs should prepare their companies for increased scrutiny on environmental, social and governance performance, if they haven't already. Editor’s note: This story is part of a GLOBAL SURVEY REVEALS CFOS PRIORITIZING DIGITAL Global Survey Reveals CFOs Prioritizing Digital Transformation Investments. CFOs refuse to waste precious dollars on IT investments that don’t “move the needle”; Want to cut spending on non-essential IT investments, including major ERP reimplementation and migration projects that lack clear value and strong ROI; Want to see their CIOs optimize existing technology investments BIDEN TAX, OVERSIGHT PLANS COULD ADD TO M&A COSTS Just as significant, at least for founders and owner-operators looking for an exit, is a proposal to treat long-term capital gains as regular income, which would tax gains from the sale of a business at 37% instead of 20%. After 2025, the 37% would rise to 39.6%, the same as before 2017. "Certainly the owner-operators, in an M&A transaction 3 MUST-HAVE CFO SKILLS: OPERATING FINANCE, STRATEGY AND Lanny Baker, CFO of EventBrite, is a case in point. He started out in the late 1980s researching technology companies for Donaldson, Lufkin & Jenrette, then for Morgan Stanley, and then for Salomon Brothers before jumping to the corporate SPAC WARRANTS AS LIABILITY CALLED AN EXPENSIVE CHANGE SPAC warrants as liability called an expensive change. Companies will have to recalculate valuations for every quarter leading up to and after the combination agreement using a complex analytical method, a specialist says. The federal government’s sudden change in how to account for warrants issued by special purpose acquisition companies DEMOCRATS, REPUBLICANS FINALIZING DRAFT LIBOR BILL Dive Brief: A House subcommittee is finalizing draft legislation to ease the transition of financial contracts from the London Interbank Offered Rate (LIBOR) to an alternative interest rate, with leaders from both parties underscoring a need for bipartisan cooperation to limit systemic risk. “This is a test to see whether Congress can

pass

AT&T, ESTÉE LAUDER, SALESFORCE CFOS ON WHICH PANDEMIC 1 day ago · Dive Brief: CFOs are largely in favor of a return to the office, but they intend to retain remote-work related changes that have resulted in lower costs, panelists at this week’s Wall Street Journal’s CFO Network Summit said.. The CFOs of AT&T, Estée Lauder and Salesforce said Monday they’re helping their respective companies prepare for the new normal by investing in digital 4 CFO LESSONS FROM THE PANDEMIC 4 CFO lessons from the pandemic. CFOs are advancing into the second year of a once-in-a-century pandemic with lessons they’ve learned while coping with a broad range of disruptions from COVID-19. Published March 26, 2021. Courtesy of BioNTech. CFOs who have navigated their companies through a once-in-a-century pandemic can

find some comfort

TREEHOUSE CFO TRANSITIONED PROCESSES FOR TOP LINE GROWTH 1 day ago · Bill Kelley's promotion to CFO of TreeHouse Foods in 2020 was part of a shift in corporate strategy that would require a rethinking of the processes and systems the finance and accounting teams used. The private-label food and beverage company, little-known

despite being in

SPAC LAWSUITS SURGE OVER DISCLOSURE CLAIMS: ATTORNEY 1 day ago · Special purpose acquisition companies (SPACs) face a rising number of lawsuits, with many plaintiffs alleging SPAC directors have disregarded Securities and Exchange Commission (SEC) guidance by failing to provide adequate disclosure, according to 5 CFO TRENDS TO WATCH IN 2021 5 CFO trends to watch in 2021. Greater attention to ESG metrics, real-time data and the wind-down of LIBOR are among the trends you'll see this year. Editor’s note: This story is part of a series on the trends that will shape the industry in 2021. You can find all the articles on our trendline. CFOs this year can probably refocus some of SPAC WARRANT RESTATEMENTS WON'T HIT CREDIT, MOODY'S SAYS The credit strength of companies shouldn’t be impacted if they’re forced to restate their financials because of the way they accounted for warrants in a special purpose acquisition company (SPAC) transaction, a Moody’s analysis says. Because it’s only an accounting issue that’s causing the FED SELLING OF CORPORATE BONDS MAY CAUSE DEBT ISSUANCE Dive Insight: T he Fed said on June 2 that it will sell $14.2 billion of investment-grade corporate debt and corporate bond ETFs that it began buying in March 2020 to reverse a sudden plunge in credit caused by the onset of COVID-19.. The central bank intends to start gradually selling the ETFs on June 7 and its corporate bonds this summer. It will provide further details later on the timing HSBC CFO: BANK 'VERY MUCH' WANTS TO SHIFT TO HYBRID Dive Brief: HSBC Holdings, Europe's largest lender, announced p re-tax profits rose 79% from a year ago, to $5.8 billion, in the most recent quarter, m aking the three months ending March 31 the company's best quarter since the pandemic began. An improved economic outlook allowed the bank to release $400 million in reserves it had kept aside for expected credit losses, MarketWatch reported. 5 CFO TRENDS TO WATCH IN 2020 Much of the conversation about the finance profession — whether at conferences or in journals — has been around the digital transformation of the enterprise and the rise of the strategic CFO.. Advances in cloud computing are central to those trends, because transformation of the enterprise can’t happen without the data the cloud generates and the CFO can’t be a strategic partner to the FTC SCRUTINIZING SUBSCRIPTION PRICING MODEL The Federal Trade Commission is scrutinizing the booming usage of subscription pricing, key to the typical software-as-a-service (SaaS) platform, a Washington Post report finds.. After a rash of complaints by subscribers on the consumer side of the business, the FTC is taking a look at whether the way many companies structure their billing — known as a negative option, because it equates FINANCIAL NEWS AND ANALYSIS CFOs can be on the hook for investigations — even after they leave. CFOs can expect more cooperation clauses in employment and severance agreements as companies angle for greater control over their response to legal inquiries. Compliance. Tom Pennington via Getty Images. Deep

Dive.

HSBC CFO: BANK 'VERY MUCH' WANTS TO SHIFT TO HYBRID Dive Brief: HSBC Holdings, Europe's largest lender, announced p re-tax profits rose 79% from a year ago, to $5.8 billion, in the most recent quarter, m aking the three months ending March 31 the company's best quarter since the pandemic began. An improved economic outlook allowed the bank to release $400 million in reserves it had kept aside for expected credit losses, MarketWatch reported. 5 CFO TRENDS TO WATCH IN 2020 NO PLANS ON CRYPTO, ESG, BUT THAT COULD CHANGE, FASB CHAIRSEE MORE ON

CFODIVE.COM

PPP LOANS NOW ONLY REQUIRE 60% OF FUNDS TO BE USED FOR Dive Brief: Borrowers only have to use 60% of their loan funds for payroll costs under changes the federal government made to the Paycheck Protection Program (PPP) on Friday. Previously, the program required borrowers to use 75% of the funds on payroll, a requirement borrowers said was too restrictive. For many businesses impacted by mandatory stay-at-home orders, the money would have DEMOCRATS, REPUBLICANS FINALIZING DRAFT LIBOR BILL Dive Brief: A House subcommittee is finalizing draft legislation to ease the transition of financial contracts from the London Interbank Offered Rate (LIBOR) to an alternative interest rate, with leaders from both parties underscoring a need for bipartisan cooperation to limit systemic risk. “This is a test to see whether Congress can

pass

PENSION DEBT EXPECTED TO RISE 6% DUE TO COVID-19 As a result, the net impact will drive adjusted debt an average 6% higher, the analysts estimate. Companies with both high underfunded pension liabilities and high exposure to pandemic disruption are likely to be hit hardest. That means auto and airline companies face the highest increase in debt. Among 50 companies included in the

analysts

THE ONLY 3 KPIS PELOTON CFO TRACKS The only 3 KPIs Peloton CFO tracks. Jill Woodworth, a panelist at the MIT Sloan CFO Summit and the CFO of Peloton, told the audience how she and her team have worked to figure out their user base. BOSTON — When Jill Woodworth, CFO of fast-growing exercise bike company Peloton, looks at how well her company is doing, she focuses on only

three

NEW YORK PASSES LAW GUIDING LIBOR TRANSITION FOR $1.9 New York lawmakers passed legislation that could help smooth the transition of a large portion of $1.9 trillion in financial contracts from the London Interbank Offered Rate (LIBOR) to a new reference rate approved by the Federal Reserve. The bill, which now goes to Governor Andrew Cuomo for signature, will switch LIBOR-linked contracts lacking HOW CAN CFOS CURB EMPLOYEE TURNOVER RATES? Accountemps reported 63% of CFOs reported that worker turnover has increased in the past three years, and that lost productivity (29%), new hire training (26%) and recruiting (25%) are the costliest aspects of employee churn, according to an email sent to CFO Dive. Turnover is "a huge issue for the whole organization. FINANCIAL NEWS AND ANALYSIS CFOs can be on the hook for investigations — even after they leave. CFOs can expect more cooperation clauses in employment and severance agreements as companies angle for greater control over their response to legal inquiries. Compliance. Tom Pennington via Getty Images. Deep

Dive.

HSBC CFO: BANK 'VERY MUCH' WANTS TO SHIFT TO HYBRID Dive Brief: HSBC Holdings, Europe's largest lender, announced p re-tax profits rose 79% from a year ago, to $5.8 billion, in the most recent quarter, m aking the three months ending March 31 the company's best quarter since the pandemic began. An improved economic outlook allowed the bank to release $400 million in reserves it had kept aside for expected credit losses, MarketWatch reported. 5 CFO TRENDS TO WATCH IN 2020 NO PLANS ON CRYPTO, ESG, BUT THAT COULD CHANGE, FASB CHAIRSEE MORE ON

CFODIVE.COM

PPP LOANS NOW ONLY REQUIRE 60% OF FUNDS TO BE USED FOR Dive Brief: Borrowers only have to use 60% of their loan funds for payroll costs under changes the federal government made to the Paycheck Protection Program (PPP) on Friday. Previously, the program required borrowers to use 75% of the funds on payroll, a requirement borrowers said was too restrictive. For many businesses impacted by mandatory stay-at-home orders, the money would have DEMOCRATS, REPUBLICANS FINALIZING DRAFT LIBOR BILL Dive Brief: A House subcommittee is finalizing draft legislation to ease the transition of financial contracts from the London Interbank Offered Rate (LIBOR) to an alternative interest rate, with leaders from both parties underscoring a need for bipartisan cooperation to limit systemic risk. “This is a test to see whether Congress can

pass

PENSION DEBT EXPECTED TO RISE 6% DUE TO COVID-19 As a result, the net impact will drive adjusted debt an average 6% higher, the analysts estimate. Companies with both high underfunded pension liabilities and high exposure to pandemic disruption are likely to be hit hardest. That means auto and airline companies face the highest increase in debt. Among 50 companies included in the

analysts

THE ONLY 3 KPIS PELOTON CFO TRACKS The only 3 KPIs Peloton CFO tracks. Jill Woodworth, a panelist at the MIT Sloan CFO Summit and the CFO of Peloton, told the audience how she and her team have worked to figure out their user base. BOSTON — When Jill Woodworth, CFO of fast-growing exercise bike company Peloton, looks at how well her company is doing, she focuses on only

three

NEW YORK PASSES LAW GUIDING LIBOR TRANSITION FOR $1.9 New York lawmakers passed legislation that could help smooth the transition of a large portion of $1.9 trillion in financial contracts from the London Interbank Offered Rate (LIBOR) to a new reference rate approved by the Federal Reserve. The bill, which now goes to Governor Andrew Cuomo for signature, will switch LIBOR-linked contracts lacking HOW CAN CFOS CURB EMPLOYEE TURNOVER RATES? Accountemps reported 63% of CFOs reported that worker turnover has increased in the past three years, and that lost productivity (29%), new hire training (26%) and recruiting (25%) are the costliest aspects of employee churn, according to an email sent to CFO Dive. Turnover is "a huge issue for the whole organization. SPAC WARRANT RESTATEMENTS WON'T HIT CREDIT, MOODY'S SAYS The credit strength of companies shouldn’t be impacted if they’re forced to restate their financials because of the way they accounted for warrants in a special purpose acquisition company (SPAC) transaction, a Moody’s analysis says. Because it’s only an accounting issue that’s causing the CFOS' ESSENTIAL ROLE IN PROMOTING EMPLOYEE MENTAL HEALTH The coronavirus pandemic has put a long-overdue spotlight on mental health. Clinical studies have found a strong correlation between pandemic-related anxiety and behaviors, such as hopelessness or substance abuse, that companies cannot afford to ignore. Implementing an organizational framework to support mental health is not only the right thing to do, it's smart for MONTHS AFTER TAKING POSHMARK PUBLIC, CFO TO DEPART Dive Brief: In an 8-K filing Monday, online clothing reseller Poshmark announced CFO Anan Kashyap will step down after five years with the company, and one quarter as a public company.. Kashyap will depart in August, following Poshmark’s second quarter 10-Q filing. He will remain engaged with the company as an advisor until the end of the year, and the company is initiating an internal and GENSLER SAYS SEC MAY TIGHTEN RULES TO AVERT INSIDER Dive Brief: Securities and Exchange Commission Chair Gary Gensler said today in a Wall Street Journal interview that he has asked agency staff to consider tightening rules for so-called 10b5-1 plans, which govern how insiders trade in their own company’s stock.; Gensler said SEC staff will review whether to set limits on when an executive may cancel a 10b5-1 plan, mandate disclosure 5 CFO TIPS FOR LIMITING HARM FROM INFLATION Just as CFOs are guiding their companies out of the pandemic, they face a new peril to their profits — rising inflation. The Federal Reserve’s preferred inflation measure — the core personal consumption expenditures price index —increased 3.1% in April from a year earlier, well above the central bank’s 2% inflation target. Prices are surging for a broad variety of products, from used TRAVEL REBOUND CURRENTLY LEISURE-DRIVEN, BUT BUSINESS WILL Jacobs’ predictions run contrary to those of Brian Chesky, CEO of Airbnb, who last week told Yahoo “business travel as we knew it is never fully coming back," and “the bar to get on a plane to go for a meeting is now higher, and fewer people are going to do it." “ is a smart guy. He's built a nice business. So I guess we'll see who ends up being right,” Jacobs said. FED SELLING OF CORPORATE BONDS MAY CAUSE DEBT ISSUANCE Dive Insight: T he Fed said on June 2 that it will sell $14.2 billion of investment-grade corporate debt and corporate bond ETFs that it began buying in March 2020 to reverse a sudden plunge in credit caused by the onset of COVID-19.. The central bank intends to start gradually selling the ETFs on June 7 and its corporate bonds this summer. It will provide further details later on the timing 3 MUST-HAVE CFO SKILLS: OPERATING FINANCE, STRATEGY AND The three skills recruiters say employers want — operational finance, strategic agility and communication fluency — are particularly valuable today, recruiters say, because CFOs, buffeted by the business impact of the pandemic, are expected to retire at a faster-than-usual clip once thy steer their companies through the

crisis.

FTC SCRUTINIZING SUBSCRIPTION PRICING MODEL The Federal Trade Commission is scrutinizing the booming usage of subscription pricing, key to the typical software-as-a-service (SaaS) platform, a Washington Post report finds.. After a rash of complaints by subscribers on the consumer side of the business, the FTC is taking a look at whether the way many companies structure their billing — known as a negative option, because it equates AMAZON EXEC NAMED BEYOND MEAT CFO Dive Brief: In a Friday press release, plant-based company Beyond Meat named Phil Hardin, a vice president of finance at Amazon, its new CFO.. Hardin, who will begin in the role next month, replaces CFO and Treasurer Mark Nelson, who joined the company in 2015, led the company through its bombshell 2019 IPO, and stepped down on May 5.He will provide consulting services to the brand for We use cookies to optimize your experience on our website and for analytics and advertising purposes. By continuing to use our site, you agree to our cookie policy. Learn more

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WILLIAM DUHNKE REMOVED FROM PCAOB; DUANE DESPARTE NAMED ACTING CHAIR Critics had taken issue with Duhnke's view of risk and didn't like a proposal to fold the Public Company Accounting Oversight Board into the SEC.  Read more ➔

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ALEXION, ASTRAZENECA EXECUTIVES SWITCH ROLES AMID $39B BUYOUT

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ABBVIE USED 2017 LAW TO LOWER TAXES TO 9.5% FROM 20%: INVESTIGATION

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AVOIDING ASC 470 DEBT MODIFICATION MISTAKES Many companies restructured debt during the pandemic; accounting for that can be fraught with risk if you misapply the rules, reporting

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Permission granted by Tillamook TILLAMOOK NAMES NEW CFO Veteran finance leader Peggy Han joined the Oregon-based dairy cooperative, made up of about 80 farmer-owners, on June 1.

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5 CFO TIPS FOR LIMITING HARM FROM INFLATION Amid signs of rising inflation, economists and financial executives suggest ways that CFOs can buffer against the damage from unstable

prices.

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Scott Olson via Getty Images MUSK TWEETS VIOLATED SEC RULES, WSJ REPORTS Tesla and Elon Musk paid tens of millions of dollars in penalties, and its handling of performance-based communications continue to raise Securities and Exchange Commission concerns.

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TO BECOME A FINANCE LEADER, THINK LIKE ONE, SLACK CFO SAYS Allen Shim was promoted to CFO once he grasped, and then prioritized, forward-looking planning and analysis.

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CFOS' ESSENTIAL ROLE IN PROMOTING EMPLOYEE MENTAL HEALTH For professional accountants, mental health issues heighten the risk of not identifying errors in financial reports or spotting indicators

of fraud.

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Scott Olson via Getty Images TRAVEL REBOUND CURRENTLY LEISURE-DRIVEN, BUT BUSINESS WILL FOLLOW:

HILTON CFO

"We're not a huge believer in a new normal; sorry," Kevin Jacobs said last week. He fully expects business travel to reach pre-pandemic levels within the next two years. Strategy & operations

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NEARLY 40% OF LARGE COMPANIES POSE BIODIVERSITY THREAT: MOODY'S ESG

STUDY

A Moody’s study aimed at measuring “biodiversity risks” in investment and lending portfolios found that 38% of 5,300 global companies operate at least one facility causing loss of habitat. Strategy & operations

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Alex Wong via Getty Images GENSLER PLEDGES TOUGH SEC SCRUTINY OF SPACS, WARNING OF FRAUD RISK The SEC will “closely look” at each stage of SPAC financing to ensure adequate investor safeguards, Chair Gary Gensler said in congressional testimony. Strategy & operations

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SARINYAPINNGAM via Getty Images GETTING YOUR WORKING CAPITAL RATIO RIGHT Whether your ratio should be closer to 1.2 or 1.8 is less important than what your cash conversion cycle is telling you, cash management

specialists say. 

Strategy & operations

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by WOCinTech Chat is licensed under CC BY 2.0 MOVING FROM VALUE TO VALUES: AN ESG ASSESSMENT CFOs should create a new agenda around “the three R's”: risk, regulation and returns, in an effort to better understand the trade-offs between economic outcomes and broader value outcomes, panelists said at Gartner's CFO & Finance Executive Conference

Tuesday.

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Chris McGrath via Getty Images AI WILL YIELD BIGGEST RETURN IN CFO SPENDING DURING COMING DECADE:

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Spending on artificial intelligence will help CFOs achieve outperformance more than any other investment, Gartner predicts. Strategy & operations

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Permission granted by District C, photo by Wet Paint CFO TAPS GLOBAL CULTURAL CAPITAL TO ADVANCE PRIORITIES Scoular finance chief Andrew Kenny credits interaction with global colleagues with giving him cross-cultural insight that can be leveraged to advance his organization's priorities. Strategy & operations

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Retrieved from Twitter on April 22, 2021 TWITTER LOOKS TO ADD E-COMMERCE FEATURES, CFO SAYS "You should be able to click and buy something on Twitter," Ned Segal said at the J.P. Morgan Global Technology, Media and Communications Virtual Conference Tuesday. "We’ve come to appreciate that people do a lot of research on Twitter before they buy something." Strategy & operations

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Alex Wong via Getty Images US CFOS OUT-EARN EUROPEAN COUNTERPARTS: SURVEY Finance executives’ salaries vary drastically by country, but mainly do not depend on the field, the survey by French fintech Spendesk

found.

Leadership

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Quinn Rooney via Getty Images NEW DATA ANALYSIS MAY HELP PREDICT PANDEMIC RECOVERY: ASTRAZENECA

FP&A HEAD

The coronavirus sped up adoption of automation at AstraZeneca and generated datasets that may help forecast recovery, according to the company's FP&A director. Strategy & operations

*

morgueFile user mconnors WORKING PART-TIME CAN OPEN NEW DOORS FOR CFOS In addition to enabling a CFO to keep a hand in the profession after retirement, it can help fill several gaps that many professionals

experience.

Strategy & operations

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Courtesy of Target

TARGET CFO: 'THEME FOR THE QUARTER IS GROWTH ON GROWTH' The retailer's fulfillment services and portfolio of private labels across multiple categories have kept shoppers hooked post-2020.

Financial reporting

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PeopleImages/E+ via Getty Images ACCOUNTING, FINANCE GRADS FACE DIFFERENT ROAD TO FILL CFO SHOES New entrants to the business world are expected to bring data analytics, risk management, cybersecurity and business modeling to the table, say academic specialists. Strategy & operations

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CFOS CAN BE ON THE HOOK FOR INVESTIGATIONS — EVEN AFTER THEY LEAVE CFOs can expect more cooperation clauses in employment and severance agreements as companies angle for greater control over their response to legal inquiries.

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Tom Pennington via Getty Images

Deep Dive

UP FROM THE ASHES: RETAILING CFOS GET READY FOR A CONSUMER RUSH Retailing CFOs preparing for a "spring-loaded" consumer splurge provide insights for financial executives in industries less challenged by the coronavirus. Strategy & operations

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Zach Gibson via Getty Images BIDEN AIMS TO RAISE $700B OVER 10 YEARS WITH TOUGHER TAX ENFORCEMENT The Biden administration during the next decade seeks to close the "tax gap" by 10% through more effective IRS pursuit of corporate and individual tax cheats. Strategy & operations

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George Frey via Getty Images GE EXEC TO BECOME DELTA AIR LINES CFO Daniel Janki will succeed Paul Jacobson, who moved to General Motors

in December.

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Flickr, Tim Evanson

SCOTUS RULING MAKES IT EASIER TO SUE IRS The court opens the door for companies to challenge the IRS without having to first pay a tax penalty that, ultimately, they might not

owe.

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